How to Win More Bids With a Better Request for Proposal

In the construction industry, you know time is money! Going through vague or incomplete Requests for Proposals (RFPs) can drain resources for everyone. A well-written RFP attracts qualified bidders and ensures a smooth-running project. According to OpenAsset, "teams using RFP software achieve a higher average proposal win rate (45%) compared to those not using software (41%)."

So, how do you turn your RFP into a winning one? Let's break it down.

What Goes Into a Comprehensive Project Overview?

The basis of any effective RFP is a detailed description of the project. This section should be clear, leaving no room for guesswork. Some components that should be included are:

• Project name and location
• Project goals and objectives
• Scope of Work (SOW)
• Project timeline and key milestones
  
  

Continue reading for more details.